You may have heard about goods being classified as either a search or an experience good. The concept is not new‚ and was actually developed by American economist Philip Nelson. These classifications provide a working distinction between different types of products and services. If you like/need examples of Nelson’s classifications‚ here are some. Paper (notebook‚ copier‚ etc.) is a search good. Paper products can be easily be compared and evaluated prior to purchase. Commodities are search
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4. Firm A and Firm B have the same total assets‚ ROA and profit margin. However‚ Firm B has a higher debt ratio and interest expense that Firm A. Which of the following statements is correct? Ans – Firm B must have a higher ROE than Firm A 5. The term “capital structure” refers to? Ans – The amount of debt verses equity on the balance sheet 6. Which of the following statements is correct? Ans – All of these are correct 7. All of the following are functions of the board expet? Ans – Provide
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BUS516 Midterm sample (all questions 2 points‚ unless stated otherwise) Name------------------------- 1. IBM defines electronic business as "the transformation of key business processes through the use of Internet technologies." T 2. A transaction is an exchange of value. T 3. A transaction always has one or more activities associated with it‚ and an activity will always be related to a transaction. F 4. A network of computers that are located close together—for example
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QD = fðP‚ PS‚ PC‚ Y‚ A‚ AC‚ N‚ CP‚ PE‚ TA‚ T=S …Þ [2.1] where QD = quantity demanded of (e.g.‚ Toyota Prius or Chevy Volt) P = price of the good or service (the auto) PS = price of substitute goods or services (e.g.‚ the popular gasoline-powered Honda Accord or Chevy Malibu) PC = price of complementary goods or services (replacement batteries) Y = income of consumers A = advertising and promotion expenditures by Toyota‚ Honda‚ and General Motors (GM) AC = competitors’ advertising and promotion
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com/financial-dictionary/economics/variable-costs-804 Marginal Cost. The American Heritage New Dictionary of Cultural Literacy‚ Third Edition‚ Houghton Mifflin Company‚ 2005. Retrieved September 9‚ 2012‚ from http://dictionary.reference.com/browse/marginal%20cost Money Terms. (2005). Marginal Cost. Retrieved September 9‚ 2012‚ from http://moneyterms.co.uk/marginal-cost/ Small business chron. (2012). Internal Rate of Return. Retrieved September 9‚ 2012‚ from http://smallbusiness.chron.com/
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Eco 550 Quiz 1 • Question 1 2 out of 2 points Which of the following is considered to be a cost of information? Answer Selected Answer: The time spent to collect the information. Correct Answer: The time spent to collect the information. • Question 2 2 out of 2 points Assume that a cargo ship carrying the merchandise of a cloth merchant has been wrecked. Such a setback will be accounted as the merchant’s: Answer Selected Answer: sunk cost. Correct Answer:
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Elec221 Final Exam December 14‚ 2002 7. The slight slope of the collector current with increased collector voltage in the common-emitter characteristics of a BJT is called the ________early_____________ effect which is a result of ______________base width modulation_____________________. Short Questions (1 point for each blank) 8. The total capacitance of an ideal MOS structure includes the capacitance of ____SiO2_______ and the capacitance of _____depletion_region____________. 1. The
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Fall – 2010 – FMGT 2325 – Mid-Term Exam Question: 1 Ms. Marcy Van Horne is employed by a large public corporation and her 2010 salary is $126‚000. In addition to her annual salary‚ she received a performance bonus of $25‚000‚ onehalf of which will be paid in 2010‚ with the remaining onehalf not due until July 1‚ 2011. In addition to her salary‚ she earns commissions of $32‚000 during 2010. During 2010‚ Ms. Van Horne’s employer withheld the following amounts from her compensation:
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Practice Exam For Spring 2013 (80 minutes) MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) The Bigdrill company drills for oil‚ which it sells for $200 million to the Bigoil company to be madeinto gas. The Bigoil company’s gas is sold for a total of $600 million. What is the total contribution to the country’s GDP from companies Bigdrill and Bigoil? A) $800 million B) $400 million C) $600 million D) $0 million E) $200 million 2)
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CLICK TO DOWNLOAD ECO 550 Midterm Quiz This midterm exam consist of 32 multiple choice questions and covers the material in Chapters 1 through 8. There are four questions from each chapter. 1). The flat-screen plasma TVs are selling extremely well. The originators of this technology are earning higher profits. What theory of profit best reflects the performance of the plasma screen makers? 2). To reduce Agency Problems‚ executive compensation should be designed to: 3). Economic profit is defined
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